2012 Catastrophic Insurance Claims Decrease by Nearly Half from 2011

The global insurance industry is looking at approximately $65 billion in catastrophic insurance claims for 2012, almost half of the amount filed in 2011, a shocking $120 billion, according to a report from Swiss Re.

Much of the reason for last year’s high figures came from the devastating earthquake and tsunami in Japan, as well as significant flooding that occurred in Thailand. For 2012, most of the claims came from weather-related damage in the United States, with claims related to Hurricane Sandy totaling almost $25 billion.

Although significantly less than 2011 totals, the claims total for 2012 is still above the 10 year average.

If you have filed an insurance claim for damages but you feel you’ve been treated unfairly by your insurance company, contact the Dallas insurance lawyers of Smith Kendall, PLLC, today by calling 214-361-6124.


67 counties have been added to FEMA disaster relief fund

FEMA disaster relief funds will now be awarded to 67 additional state counties in Texas.

Originally, there were 45 counties that were covered by the fires that took place between April 6 and May 3. Governor Rick Perry has expanded the timeline for people affected by the wildfires until August 29. This expansion increased the number of counties that were eligible to receive FEMA disaster relief.

Now there are 119 counties who are able to receive funding from FEMA if they meet the requirements.

If your house was damaged due to a wildfire and you believe your insurance company acted in bad faith, please contact the Dallas insurance bad faith lawyers of Smith Kendall, PLLC by calling 214-361-6124 today.


$26 million in aid received by Texas wildfire victims

The wildfires that ripped through Central Texas left a vast amount of people looking for help to rebuild their homes and lives. There has currently been $26 million given to Texas wildfire victims.

Roughly $11.8 million was awarded to FEMA grants that will aid individuals with rebuilding homes, renting properties and obtaining personal items. A fund was also set up for individuals who lost their jobs due to the wildfires. As of now $43,000 has gone towards those victims who are currently out of a job.

Since the beginning of the disastrous fires, over 3,900 wildfire victims have sought out FEMA for help and assistance stemming from the destruction of the fires.

If your house was damaged due to a wildfire and you believe that your insurance company acted in bad faith, please contact the Dallas insurance bad faith lawyers of Smith Kendall, PLLC by calling 214-361-6124 today.


Man sues Nationwide for bad faith after car accident

A West Virginia man recently filed suit against Nationwide Insurance Co. accusing the insurance provider of bad faith and breach of contract.

According to the lawsuit, the man was the victim of a motorcycle accident in July 2010.  As a result of the accident, the man suffered several permanent, serious injuries.  In addition, the accident caused the man to suffer a loss of income, pain, suffering, and emotional distress.

The man says that Nationwide has failed to make a timely and reasonable settlement on how much he should be paid.  Consequently, the insurer is accused of failing to fulfill their obligations as the man’s insurance provider.

To learn more about filing a bad faith insurance claim, contact the Dallas insurance bad faith attorneys of Smith Kendall PLLC at 888-675-3522 today.